Financials At Important Intraday Level

The financials as measured by the popular XLF etf is at a an important intraday level right this moment.  After gapping down at the open to start the week today, it then led the market higher and currently sits at just about the mid-point of last Friday's trading session.  If it folds much below the $15.80 mark it could lead the market down with it.  We are watching this closely.

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